Global VCSEL Market Research Report 2018-2023 - Surge in Demand for VCSELs With Advancements in Automotive Electronics
DUBLIN, Aug 8, 2018 /PRNewswire/ --
The "VCSEL Market by Material (GaAs, InP, GaN), Type (Single Mode and Multimode), Application (Data Communication, Sensing, IR Illumination, Pumping, Industrial Heating, and Emerging Applications), End User, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The VCSEL market is expected to reach USD 3.89 billion by 2023 from USD 1.78 billion in 2018, at a CAGR of 16.9%.
The VCSEL market is mainly driven by factors such as the rising adoption of VCSELs in proximity sensing and medical applications, increasing use of VCSELs for data communication, growing usage of VCSELs in infrared illumination, and surge in demand for VCSELs with advancements in automotive electronics.
By material, the VCSEL market is segmented into gallium arsenide (GaAs), gallium nitride (GaN), indium phosphide (InP), and others (gallium indium nitrogen arsenide (GaInNAs), indium gallium arsenide (InGaAs), indium aluminum gallium arsenide (InAlGaAs), and aluminum gallium arsenide (AlGaAs)). The market for InP is expected to grow at the highest CAGR during the forecast period. VCSELs operating in 1,300-1,550nm wavelength range are rapidly evolving and are mostly InP-based. The high growth of this material can be attributed to its high wavelength compatibility and use in high-speed communication applications.
By type, the VCSEL market is segmented into single mode and multimode. The market for single-mode VCSELs is expected to grow at a higher CAGR during the forecast period. This growth can be attributed to the ability of single-mode VCSELs to provide solutions to many sensing applications, especially in the consumer electronics industry.
By application, the VCSEL market is segmented into data communication, sensing, IR illumination, pumping, industrial heating, and emerging applications. The market for emerging applications is expected to grow at the highest CAGR during the forecast period. VCSELs are being widely used in emerging applications such as LiDAR, night vision, atomic clock, GPS, magnetometer, and display. Presently, this market is in the nascent stage, but it is expected to witness high growth in the coming years owing to the use of VCSELs for high-quality vision and obstacle detection, among others.
By end user, the VCSEL market is segmented into data center, consumer electronics, automotive, industrial, healthcare, and military. The market for consumer electronics is expected to grow at the highest CAGR during the forecast period. With the increasing implementation of VCSELs for advanced features such as laser autofocus and proximity sensors in smartphones, the consumer electronics segment has created a huge shift in the overall VCSEL market. Also, other applications such as video signal to display, video signal from one or more cameras, low-noise microphone, and gesture recognition are expected to create huge demand for VCSELs in consumer electronics.
By region, the VCSEL market is classified into the Americas, Europe, APAC, and RoW. The market in APAC is likely to grow at the highest CAGR during the forecast period. This growth can be attributed to the rising number of data centers and increasing demand for consumer electronic devices and premium automobiles. APAC countries such as China, India, Singapore, and Indonesia are emerging as hubs for data centers owing to advancements in basic telecom infrastructure and encouragement from respective governments. The largest size of the Americas VCSEL market is due to the demand for these devices from technology giants such as Facebook (US), Google (US), Apple (US), and Amazon (US). Moreover, the growing emphasis of businesses on the use of cloud infrastructure has contributed to the increasing demand for VCSEL-based optical transceivers in the Americas.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for VCSEL Market Growth
4.2 VCSEL Market, By Material
4.3 VCSEL Market in APAC, By Application and Country
4.4 VCSEL Market, By End User
4.5 VCSEL Market, By Region
4.6 Country-Wise Analysis of VCSEL Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Adoption in Proximity Sensing and Medical Applications
5.2.1.2 Increasing Use of VCSELs for Data Communication
5.2.1.3 Growing Usage of VCSELs in Infrared Illumination
5.2.1.4 Surge in Demand for VCSELs With Advancements in Automotive Electronics
5.2.2 Restraints
5.2.2.1 Limited Data Transmission Range
5.2.3 Opportunities
5.2.3.1 Technological Advancements in Consumer Electronics Sector
5.2.3.2 Evolution of Laser-Based Hard Disc Drive Technology
5.2.4 Challenges
5.2.4.1 to Overthrow the Limitations of Gallium Nitride Restricting the Performance of VCSELs
5.3 Value Chain Analysis
6 VCSEL Market, By Material
6.1 Introduction
6.2 Gallium Arsenide (GAAS)
6.3 Indium Phosphide (INP)
6.4 Gallium Nitride (GAN)
6.5 Others
7 VCSEL Market, By Type
7.1 Introduction
7.2 Single Mode
7.3 Multimode
8 VCSEL Market, By Application
8.1 Introduction
8.2 Data Communication
8.3 Sensing
8.3.1 Optical Sensor
8.3.1.1 Reflective Sensor
8.3.1.2 Scattering Sensor
8.3.2 Interference Sensor
8.4 Infrared Illumination
8.4.1 Camera
8.4.1.1 3D Camera
8.4.1.2 Security and Surveillance Camera
8.5 Pumping
8.6 Industrial Heating
8.7 Emerging Applications
8.7.1 Display
8.7.2 High-Power Applications
8.7.2.1 LiDAR
8.7.2.2 Night Vision
8.7.3 Atomic Clock
8.7.4 GPS
8.7.5 Magnetometer
9 VCSEL Market, By End User
9.1 Introduction
9.2 Data Center
9.3 Consumer Electronics
9.4 Automotive
9.5 Industrial
9.6 Healthcare
9.7 Military
10 VCSEL Market, By Region
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Product Launches
11.3.2 Acquisitions and Expansions
11.3.3 Collaborations and Partnerships
12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 Finisar
12.2.2 Lumentum
12.2.3 Broadcom
12.2.4 Philips Photonics
12.2.5 II-VI
12.2.6 IQE
12.2.7 AMS Technologies
12.2.8 Vixar
12.2.9 Santec
12.2.10 Vertilas
12.3 Other Key Players
12.3.1 Coherent
12.3.2 TT Electronics
12.3.3 Newport
12.3.4 Neophotonics
12.3.5 Necsel Intellectual Property
12.4 Key Innovators
12.4.1 Agiltron
12.4.2 Alight Technologies
12.4.3 Ultra Communications
12.4.4 Laser Components
12.4.5 Litrax Technology Co.
For more information about this report visit https://www.researchandmarkets.com/research/3q8jrz/global_vcsel?w=5
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article